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2 Mansfield City Rd Mansfield, CT 06250

231 Units, 41 Acres, High Demand

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 41-acre development opportunity in Mansfield, Connecticut, presents a compelling investment prospect. Located at 2 Mansfield City Road, this prime parcel sits at the corner of Mansfield City Road and Pleasant Valley Road, conveniently abutting Eastern Connecticut State University's athletic fields. The property boasts a conceptual plan for a 231-unit multifamily development, envisioned across 11 buildings. A conservation easement and dedicated open space will provide residents with passive recreational areas. The site benefits from readily available public water and sewer services, and a nearby bus stop provides convenient access to the Windham Regional Transit District (WRTD). Its strategic location offers proximity to downtown Willimantic and is only 10 minutes from the University of Connecticut, capitalizing on the high demand for student housing in this thriving market. Eastern Connecticut State University currently enrolls 5,832 undergraduate and 1,000 graduate students, while the University of Connecticut boasts an impressive 19,241 undergraduate and 7,098 graduate students. The property is zoned PVRA, offering significant development potential. This is a rare opportunity to acquire a substantial land parcel with a well-defined plan in a location with strong demographics and convenient amenities.

Highlights

  • 231-unit multifamily development opportunity in Mansfield, CT.
  • 41-acre site zoned PVRA, located at 2 Mansfield City Road.
  • Excellent location near Eastern Connecticut State University and the University of Connecticut.
  • Public water and sewer available.
  • Broker co-op is available.

Property Details for 2 Mansfield City Rd

Property type
Commercial real estate
Lot Size (sq. ft)
1,785,960 SF
Units
231

Location Insight

City
Mansfield
County
Tolland
State
Connecticut
Latitude
41.7372387
Longitude
-72.2201349

FAQs

What type of property is this?
Commercial real estate - 231 Units, 41 Acres, High Demand
Where is the commercial real estate located?
The property is located at 2 Mansfield City Rd Mansfield, CT.
What are key features of this property?
This property features: 231-unit multifamily development opportunity in Mansfield, CT.; 41-acre site zoned PVRA, located at 2 Mansfield City Road.; Excellent location near Eastern Connecticut State University and the University of Connecticut.
How can I contact the broker?
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2 Mansfield City Rd
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